National Bank Financial Comments on Winpak Ltd.’s Q3 2024 Earnings (TSE:WPK)

Winpak Ltd. (TSE:WPK) – Equities research analysts at National Bank Financial issued their Q3 2024 EPS estimates for shares of Winpak in a research report issued to clients and investors on Wednesday, September 25th. National Bank Financial analyst A. Abdullah expects that the company will post earnings of $0.82 per share for the quarter. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Winpak’s current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Winpak’s Q4 2024 earnings at $0.88 EPS, FY2024 earnings at $3.25 EPS, FY2025 earnings at $3.46 EPS and FY2026 earnings at $3.66 EPS.

Winpak (TSE:WPK) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$0.83 EPS for the quarter. The company had revenue of C$387.89 million during the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%.

A number of other analysts also recently commented on WPK. CIBC upped their price objective on Winpak from C$49.00 to C$51.00 in a report on Friday, July 26th. National Bankshares set a C$55.00 price objective on Winpak and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, BMO Capital Markets increased their target price on shares of Winpak from C$46.00 to C$50.00 in a research report on Friday, July 26th.

Winpak Price Performance

Winpak stock opened at C$47.03 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95. The company has a market cap of C$2.97 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 4.44 and a beta of 0.20. Winpak has a 1 year low of C$36.95 and a 1 year high of C$48.74. The firm has a 50 day moving average price of C$45.79 and a 200 day moving average price of C$44.03.

Winpak Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, October 11th will be paid a $0.05 dividend. This is a boost from Winpak’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, October 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.43%. Winpak’s payout ratio is 6.69%.

About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.